Credit Card Credit

You can use the “Credit Card Credit” form to record your cash back rewards on credit card, or when you have returned a purchased item and received a refund on your credit card account.

To go to “Credit Card Credit” from the home page screen:

Click the “+” icon at the top and choose Credit Card Credit under Vendors

Choose a payee from the list (name of Vendor)

Select the appropriate Credit Card account

Enter the payment date (from credit card statement or returned date

Under Account detail, select account, provide description and enter amount of the cash back or refund

Enter other information as necessary

Save

For purchased return credit, you would want to choose the same account (under “Account details”) originally used for entered transaction. This will reduce the transaction amount. For example, you purchased some office supplies and entered to “Office Supplies Expense Account” and returned some (or all), you would want to use the same account.

For cash back rewards type credit, you would want to use income type account.